Save Article

Kraft to Cut Jobs

By

Paul Ziobro

January 18, 2012

Kraft Foods Inc. said it plans to eliminate about 1,600 positions in North America this year as it works toward splitting into two separate companies.

The company also raised its 2011 estimates. It now expects full-year operating earnings of at least $2.28 a share on organic revenue growth of 6.5%, compared with its November guidance for operating earnings of at least $2.27 on 6% organic revenue growth.

Tuesday,...

RELATED VIDEO

Kraft Plans to Cut 1,600 Jobs

Kraft Foods said it plans to eliminate about 1,600 positions in North America this year as it works toward splitting into two separate companies. Paul Ziobro has details on The News Hub. Photo: Reuters